3 Executive Compensation Forms: Long-Term Employee Retention Award Agreement (6 Pages), Phantom Stock Plan (8 Pages), and Salary Continuation Plan Agreement (4 Pages)
In stock
SKU
3execcompforms
$117.00
SAVE when you purchase all three (3) Executive Compensation Forms including:
Long-Term Employee Retention Award Agreement (6 Pages)
Phantom Stock Plan (8 Pages)
Salary Continuation Plan Agreement (4 Pages)
SAVE when you purchase all three (3) Executive Compensation Forms including:
Long-Term Employee Retention Award Agreement (6 Pages)
This Form is a Long-Term Employee Retention Award Agreement. Its purpose is to provide a fixed and lucrative cash payment incentive for the employee to remain with a Company and work to meet the financial performance by the Company specified in the Agreement.
This document is a phantom stock plan to be adopted by a Company as a nonqualified deferred compensation benefit plan for selected employees. Situations often arise where a Company has key employees it wishes to reward based on the growth and success of the Company, but for numerous reasons, it is unwilling or unable to provide shares of the actual stock of the Company. This Plan creates Units which are awarded to selected employees that are valued in a manner intended to track the success of the Company. The formula for valuation suggested in this document can certainly be modified. The Plan and the Units included in it remain subject to the general creditors of the Company. Compensation of the key employee only occurs when payments representing the awarded Units are actually made to the employee.
This is a Form of Salary Continuation Agreement. It is designed to pay to the family of a designated employee non-vested salary continuation payments (death benefits) over a chosen period of years following the employee’s death. Here, the beneficiary designation by the employee is irrevocable. If desired, this could be modified to permit an employee to change beneficiaries from time to time. This Agreement does not address or provide any retirement benefits.
Author:
Steven G. Siegel is president of The Siegel Group, a Morristown, New Jersey - based national consulting firm specializing in tax consulting, estate planning and advising family business owners and entrepreneurs. Mr. Siegel holds a BS from Georgetown University, a JD from Harvard Law School and an LLM in Taxation from New York University. He is the author of several books, including: Planning for An Aging Population; Business Entities: Start to Finish; Taxation of Divorce and Separation; Income Taxation of Estates and Trusts, Preparing the Audit-Proof Federal Estate Tax Return, Putting It Together: Planning Estates for $5 million and Less, Family Business Succession Planning, Business Acquisitions: Representing Buyers and Sellers in the Sale of a Business; Dynasty Trusts; Planning with Intentionally-Defective Grantor Trusts; The Federal Gift Tax: A Comprehensive Analysis; Charitable Remainder Trusts, Grantor Trust Planning: QPRTs, GRATs and SCINs, The Estate Planning Course, The Retirement Planning Course, Retirement Distributions: Estate and Tax Planning Strategies; The Estate Administration Course, Tax Strategies for Closely-Held Businesses, and Tort Litigation Settlements: Tax and Financial Issues.
Mr. Siegel has lectured extensively throughout the United States on tax, business and estate planning topics on behalf of numerous organizations, including National Law Foundation, AICPA, CCH, National Tax Institute, National Society of Accountants, and many others. He has served as an adjunct professor of law at Seton Hall and Rutgers University law schools.
The Siegel Group provides consulting services to accountants, attorneys, financial planners and life insurance professionals to assist them with the tax, estate and business planning and compliance issues confronting their clients. Based in Morristown, New Jersey, the Group has provided services throughout the United States. The Siegel Group does not sell any products. It is an entirely fee-based organization.
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